Big Tech Break-Up Won't Happen For This One Reason [Forbes]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Forbes
Big Tech Break-Up Won't Happen For This One Reason Getty The US government recently announced it will launch an investigation into “big tech.” It is looking into whether Amazon (AMZN), Google (GOOG), and Facebook (FB) are too powerful and should be broken up. These are the 3 rd All three stocks tanked on the news. In recent weeks, Google has dropped 20%, Amazon 15%, and Facebook 18%. Even if you don’t own these stocks, you should care where they’re headed. Because where they go, the market is likely to follow. Google, Amazon, and Facebook are colossal companies. Together they make up almost 10% of the S&P 500. A smaller stock like Campbell Soup (CPB) could triple. And yet it wouldn’t move the needle as much as if Amazon rises just 1%. What I’m about to say might surprise you… Investors Are Worrying for Nothing There is little chance the government will break up big American tech firms. In fact, the total opposite is about to happen. Washington and big tech will become best friends. I
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GOOG
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- 4/25/24 - Beat
GOOG
Sec Filings
- 4/25/24 - Form 8-K
- 4/17/24 - Form 4
- 4/17/24 - Form 144
- GOOG's page on the SEC website